“Turkey’s central bank hikes interest rate to 30%”
September 21, 2023
“Turkey’s central bank hiked its key interest rate to 30% on Thursday, a 500-basis point jump from 25%, as Ankara continues to battle double-digit inflation. The Turkish lira weakened slightly to 27.06 against the dollar on the news, with the greenback up 0.3% against the local currency at 2 p.m. in Istanbul…
The lira is down 30% against the dollar year to date and has lost 78% of its value against the greenback in the last five years…”
https://www.cnbc.com/2023/09/21/turkeys-central-bank-hikes-interest-rate-to-30percent.html